FX.co ★ DAX Snaps 2-Day Gain

Frankfurt’s DAX 40 declined around 0.8% on Friday to trade below 24,300, snapping a two-session winning streak and tracking losses across other major European indices. Oil prices extended their gains amid stalled US–Iran negotiations and persistent disruptions in the Strait of Hormuz, sustaining concerns about inflationary pressures and risks to global growth. At the same time, anxiety increased over the possibility that the US might resume strikes on Iran following President Trump’s return from China. The US leader signaled a harder line on Tehran, stating he would no longer be patient with Iran and calling on the country to conclude a deal with Washington. Meanwhile, investors were disappointed by the lack of tangible progress from the second day of talks between Trump and Chinese President Xi Jinping, especially on trade issues.